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Monday, March 2, 2015

Ares Armor Purchased by Lake House Capital Management

Lake House Capital Management, LLC, a Hinsdale, Illinois-based holding company is pleased and proud to announce it has acquired all the assets of Lycurgan, Inc., (doing business as Ares Armor). Specific terms of the deal were not disclosed at this time.

U.S. Marine, Dimitri Karras, who served tours in both Iraq and Afghanistan, founded Ares Armor in 2010. Headquartered in Oceanside, California, Ares Armor is the leading supplier of 80 percent lower receivers, and develops and manufactures high quality American-made firearm parts to legally build your own weapons. The business also proudly develops, manufactures, and sells innovative tactical gear, combat body armor, and more.

“We thank and respect Dimitri Karras for his patriotism, service, and defense of our country and its Constitution,” says new Ares Armor CEO, Bryce Stirlen. “We value his vision and efforts with Ares Armor, and truly wish him all the best in his future roles in the company.”

Ares Armor customers can expect to experience no disruption in quality or service during the management transition. But like when anyone buys a house, Lake House Capital Management has much it loves about Ares Armor, but also has some areas where it wants to make changes and add its own touches.

“Great people and great products have built Ares Armor into the successful business it is today,” adds Stirlen, a gun enthusiast, husband, and father. “Our main focus is to now build a better foundation to support the explosive growth the Company is experiencing.

That said, to be clear, one area where we will not waver is in loyal defense of the 2nd Amendment of the U.S. Constitution, and protecting the rights of all Americans to bear arms.

We are very excited about an even brighter future for Ares Armor, and believe our customers will be excited about it, too.”

Amended: New Ares Armor CEO, Bryce Stirlen. “In response to feedback about our Veteran heritage, we maintain and stand strong unwavering from our Veteran status. Of Veterans, by Veterans, and for Veterans."